BSMTvsBSMSETF Comparison
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Invesco BulletShares 2029 Municipal Bond ETF (BSMT) and Invesco BulletShares 2028 Municipal Bond ETF (BSMS) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. Both BSMT and BSMS have the same Total Expense Ratio (TER) of 0.18%. BSMT is down -2.12% year-to-date (YTD) with +$71M in YTD flows. BSMS performs better with -1.1% YTD performance, and +$98M in YTD flows. Run a side-by-side ETF comparison of BSMT and BSMS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BSMT vs BSMS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMT BSMS | -0.17%-0.16% | -1.99%-1.24% | -2.12%-1.10% | -1.57%-0.57% | +8.94%+9.50% | -3.78%-1.27% |
| Flows | BSMT BSMS | +$11M+$14M | +$25M+$37M | +$71M+$98M | +$90M+$117M | +$255M+$275M | +$292M+$330M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMT BSMS | +3.24%+2.60% | +2.00%+1.58% | +2.81%+2.28% | +3.44%+2.93% |
| Max drawdown | BSMT BSMS | -3.83%-2.72% | -5.02%-3.43% | -5.02%-3.43% | -16.14%-14.28% |
| Max drawdown duration | BSMT BSMS | 92d92d | 236d236d | 236d236d | 1747d1748d |
Trading data
BSMT | BSMS | |
Last sale 10/16/2026 at 1:30 PM | $22.54 | $23.05 |
| Previous close 10/15/2026 | $22.52 | $23.08 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 18, 2026
1-year trailing difference
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BSMT | BSMS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
BSMT | BSMS | |
|---|---|---|
| Last price | $22.54 | $23.05 |
| 1D performance | +0.09% | -0.11% |
| AuM | $299.23 M | $342.62 M |
| E/R | 0.18% | 0.18% |
Characteristics
BSMT | BSMS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Invesco |
| Benchmark | ICE BulletShares USD Municipal Bond 2029 Index | ICE BulletShares USD Municipal Bond 2028 Index |
| N° of holdings | 1088 | 1194 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2019 | September 13, 2019 |
| ESG | No | No |
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Exposure
Countries
BSMT
USA
64%
Other
36%
BSMS
USA
63.9%
Other
36.1%
Sectors
BSMT
Municipal
64%
Other
36%
BSMS
Municipal
63.9%
Other
36.1%
Diversification
BSMT
Total weight of top 15 holdings out of 15
5.27%
BSMS
Total weight of top 15 holdings out of 15
4.82%
Top 15 holdings
Data as of August 31, 2026
BSMT
Triborough Bridge and Tunnel Authority, 5% 1feb2029, USD (2026A2)
0.51%
US89602HJB42
0.51%
New Jersey, 5% 1jun2029, USD
0.49%
US43233KAG94
0.40%
Harris Cultural Education Facilities Finance Corp., 5% 1dec2029, USD (2026A)
0.39%
US19648FXR09
0.36%
Ohio Water Development Authority, 5% 1jun2029, USD (2019A)
0.31%
US544647HL79
0.31%
US13034A5B23
0.31%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.30%
New Jersey Turnpike Authority, 5% 1jan2048, USD
0.30%
Lancaster Hospital Authority, 5% 1nov2051, USD (2021)
0.28%
Pennsylvania Turnpike Commission, 5% 1dec2044, USD
0.28%
US91412HTF00
0.27%
Massachusetts School Building Authority, 5% 15feb2044, USD
0.26%
BSMS
Illinois, 5% 1nov2028, USD (2017D)
0.49%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2025A)
0.48%
Texas Water Development Board, 5% 15apr2049, USD (2018B)
0.48%
North Texas Tollway Authority, 5% 1jan2043, USD (2017A)
0.39%
New Jersey, 5% 1jun2028, USD
0.38%
Los Angeles Department of Water and Power, 5% 1jul2028, USD (2025)
0.34%
Triborough Bridge and Tunnel Authority, 5% 1mar2028, USD (2025A)
0.30%
Los Angeles Unified School District, 5.25% 1jul2042, USD
0.29%
Los Angeles Metropolitan Transportation Authority, 5% 1jul2044, USD (2019-A)
0.28%
County of Clark (NV), 5% 1may2048, USD
0.25%
Grand Parkway Transportation Corp., 5% 1oct2048, USD (2018A)
0.24%
New Jersey Economic Development Authority, 5% 1mar2028, USD (2023)
0.23%
Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A)
0.23%
Las Vegas Convention and Visitors Authority, 5% 1jul2043, USD
0.22%
New York Dormitory Authority, 5% 15mar2048, USD (2018)
0.22%
Frequently asked questions about BSMT and BSMS
How have the BSMT and BSMS ETFs performed in 2026?
As of October 16, 2026, BSMT is down -2.12% year-to-date (YTD), while BSMS has lost -1.1%. That puts BSMS better performer ahead so far this year.
Which ETF is attracting more investor money: BSMT or BSMS?
Year-to-date, the BSMT ETF saw +$71M in flows, compared to +$98M for BSMS.
Which ETF is more volatile: BSMT or BSMS?
Over the past year, BSMT had a volatility of 2%, while BSMS experienced 1.58%.
Which ETF is bigger: BSMT or BSMS?
As of October 16, 2026, BSMT holds $299.23 M in assets under management (AUM), while BSMS manages $342.62 M.
What sectors do the BSMT and BSMS ETFs invest in?
BSMT leans toward sectors like Municipal. Meanwhile, BSMS focuses on Municipal.
What are the top holdings of the BSMT ETF and BSMS ETF?
BSMT top holdings include Triborough Bridge and Tunnel Authority, 5% 1feb2029, USD (2026A2), US89602HJB42 and New Jersey, 5% 1jun2029, USD. BSMS holds in its top three: Illinois, 5% 1nov2028, USD (2017D), Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2025A) and Texas Water Development Board, 5% 15apr2049, USD (2018B).
Which ETF is more diversified: BSMT or BSMS?
BSMT holds 1992 securities with 5.27% of its assets in the top 15. BSMS has 2335 securities and a top 15 weight of 4.82%.
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